Escrow is a contractual arrangement between transacting parties, where an independent trusted third party receives and disburses money and/or documents. Escrow generally closes between 30 and 60 days. Reason for Escrow Not to Close There are many reasons for escrow not to close on time. Someone might be dragging their feet, making things slow … [Read more...]
Archives for June 2013
Mortgage Approval Process FAQs
As a preliminary step, you should get pre-approved by a reliable lender before searching for a home. Documents Needed to Apply for a Home Mortgage To apply for a home mortgage, you will need to provide your lender with documentation, verifying your employment history, credit, and overall financial situation. If you are applying with someone else … [Read more...]
Home Loans for First Time Buyers in San Diego
Many home loan programs have been specifically created for first time home buyers. These loans feature low down payments and approval guidelines that make it easier to qualify. Some of the more popular first time homebuyer programs are FHA and VA. FHA is a loan that comes from the Federal Housing Administration. These loans are insured loans made … [Read more...]